Earnings Per Share

9 Months Ended

Sep. 30, 2019

The following table sets forth the computation of basic and diluted earnings per share (EPS) for the nine months ended September 30, 2019 and 2018:



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the nine months ended September 30, 2019
Net income as reported	$	18,839,000
Basic EPS: Income available to common shareholders	18,839,000		10,811,233	$	1.74
Effect of dilutive securities: restricted stock			75,013
Diluted EPS: Income available to common shareholders plus assumed conversions	$	18,839,000	10,886,246	$	1.73
For the nine months ended September 30, 2018
Net income as reported	$	17,173,000
Basic EPS: Income available to common shareholders	17,173,000		10,780,277	$	1.59
Effect of dilutive securities: restricted stock			69,515
Diluted EPS: Income available to common shareholders plus assumed conversions	$	17,173,000	10,849,792	$	1.58

The following table sets forth the computation of basic diluted EPS for the quarters ended September 30, 2019 and 2018.



	Income (Numerator)		Shares (Denominator)	Per-Share Amount
For the quarter ended September 30, 2019
Net income as reported	$	6,288,000
Basic EPS: Income available to common shareholders	6,288,000		10,818,423	$	0.58
Effect of dilutive securities: restricted stock			75,493
Diluted EPS: Income available to common shareholders plus assumed conversions	$	6,288,000	10,893,916	$	0.58
For the quarter ended September 30, 2018
Net income as reported	$	5,933,000
Basic EPS: Income available to common shareholders	5,933,000		10,785,528	$	0.55
Effect of dilutive securities: restricted stock			69,515
Diluted EPS: Income available to common shareholders plus assumed conversions	$	5,933,000	10,855,043	$	0.55